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to do beside watching a nuisance headlines coming out of washington? traders at the new york stock exchange, what a day today. some better games at the moment but again a perfect example of how washington is holding the market. >> you talk about how sensitive the market is right now. looking at washington, putting earnings season besides us. all coming down to the last 32 days of the year and what is its going to happen in washington. anytime we hear anybody making any comments, it is going to move the market. like you saw on that chart, who is saying what and when, clearly that shows it is all about getting in front of the camera, getting out in front of the public making sure the public understands where everybody stands. they will stretch this one out as long as they can, the drummer will unfold, we will watch the miniseries play out on live tv. it will come to the same path and figure it out before the end of the year. tracy: we should have our viewers name the intraday chart. i cannot believe this, 32 days, we have to live with this war true fundamentals, make your picks. >> t
official in washington, off three of whom corroborate the statements about the holding of terrorists. coincidentally or not, that 26 of october is the same day that to journalists for foreign policy magazine discovered classified documents detailing security concerns in benghazi. they found those documents lying on the floor of what remained of the u.s. consulate. that, three weeks after the fbi had finally made its way to benghazi to conduct an investigation, an investigation that took less than a day. there has been no explanation as to why the fbi left those classified state department papers on the ground. adding to the coincidences' c'mon the 26 of october, it was on that date that fox news cia operators on the ground in benghazi had asked for, and were denied help four times during the course of the 7-hour assault ambassador christopher stephens, foreign service officer sean smith and cia operatives tie ron woods and glendora the from both former seals were killed in a firefight that move from the cause led to the cia and makes a mile away. a cautionary note tonight, if i may.
, the politics and policy in the games being played by both sides in washington dc, we will be joined by richard shelby, the ranking republican of the banking committee. he joins us. congressman devin nunes, chairman of the ways and means committee to tell us what kind of effor it will take and who will be blamed for failure to stop these tax hikes and trillion dollar budget cuts. bradley graham is among our guests tonight. here are the details on exctly what secretary geithner has proposed on behalf of the presidento avoid the fiscal cliff. according to the republicans in that meeting, the offer includes $1.6 trillion in new revenue. that is higher taxes, raising tax rates, and taxes on investment income. at least $50 million in new stimul spending in the next fiscal year alone. mind you, of course, the repubcans looking for spending ts as an offset to their agreement to raise taxes. the only spending cuts in the plan come from cutting medicare and other programs by 400 billion over the coming decade. timothy geithner also requesting the equivant of a permanent increase in the national debt lim
. >> washington is so wasteful now, we have to cut across the board, for these unions to come in, flying in on big jet, they have already killed twinkie, they are killing -- >> be fair. >> they didn't kill the twinkie, when is last time you ate one. >> never. >> and your kids. >> but still, the unions, the waste, waste, and all about them it is okay for them to have the entitle aentitlement but everyoe fore bet it. neil: i am saying that we were supposed to have a balanced approach with revenues and spending cuts. i am seeing a great way of createty to get money from the folks but not safe money, what say you? >> i left him stunned. george, did you hear that? >> i did not realize you were asking me. overwhelming. thank you. you know. propaganda that has gone on for spending, spending, and unions, i don't know what the unions are doing on this issue. they need to get back to representing their members. and reducing government regulations, and other things that can make their companies more profitable overseas, but, to have it talk about spending. you could not tax more than the profits of the count
when have we ever seen any spending cuts coming from washington d.c.? charles, spending is going to go up 10 trillion dollars over the next decade and they're telling us they're going to cut a few trillion off of that, so, spending is going to go higher and taxes, my big worry is once they break the top and raise taxes, we're talking marginal rates here, it's not going to stop. that's the worry and i've got to tell you, for me, the biest irritant of all of this, they waited until the last minute on the debt ceiling and then sold it as the end of the world is coming if we don't get this done now. >> right. >> and waited until the last minute and scaring the living cran out of everybody. >> dagen, let's talk about that because a great article in the journal, businesses are cutting back no doubt about it, t consumers are cutting ba and it's an indictment on everyone in washington. >> one of the reasons if we go over the fiscal cliff and it will hit 90% americans. and lowest income, 30,000 a year a family a tax bill north of $1,000 a year and it hits everybody, to that point people are ner
that spread to washington in era we're told with ongoing fiscal talks they might be weighed more towards tax hikes than spending cuts. we thought we would be fair and balanced about this with two california governors, a democrat and republican. you should recognize both. democrat gray davis and republican pete wilson. good to have you. >> thank you, neil. >> good to be with you, neil. neil: thank you, governor davis. since you're not with me, governor davis, in the studio here but governor wilson is i'm going to him first. the thing i will raise with you, governor wilson, what i'm noticing going on in this state. clearly a pickup in activity. things getting a little bit better the by point of comparison that is off a horrible environment but it is still getting better. it is getting better because taxes are going to go up? >> good god no. that's not going to help things. it will make them worse. and there is a mild improvement. i would hope for a strong improvement. i don't expect to see it. and what has just been done is not going to improve things. sadly, it will make california even less
people inside the beltway are living in a bubble. washington dc is the only city in the united states that has had taken continuousgrowthh >> what about when gas comes down? >> you have a gas situation where you have $4000 and thei wages have only gone up about 1%. was coming up, where is the thing going to? >> it leaves cut taxes. >> i'd like to see taxes go down and someone say america is great. let's do everything we can to eliminate obstacles to success vmax my next guest says that regulations are really killing business. we have congressman eric cantor, the house majority leader is pushing to cut the red tape. and since he does have out there, he actually has a shot at doing it. it's just too hard right now for businesses to continue to operate, given all the onerous and burdensome regulations coming out of washington. and we want to make that stop so we can turn the country aund and began to be a starter country again. we know that the obama administration over the course of the term has imposed 400 regulations that impose more than $100 million of costs annually on small busine
is done. but what i about washington? plus, a look at the most innovative tech gadgets. welcome to "the willis report." ♪ ♪ gerri: hello, everybody, i am gerri willis. forty-two days until the united states jumps off the fiscal cliff. that is if the white house and congress don't get their act together first. that means $600 billion in across-the-board spending cuts and tax increases, hitting every single american taxpayer right in the wallet. it's not just us but get hit hard, amid all the uncertainty, companies are scaling back their investment plans. according to "the wall street journal", u.s. companies are cutting their spending plans in the fiscal and economic uncertainty, and doing so at the fastest pace in the a recession. it goes on to say that companies are not planning to spend this year or next year. i am joined by jeffrey miron. welcome back to the show, jeffrey. good to see you. i want to start with some breaking news that we had. moody's just announced that they are cutting france's government rating to aa from triple-a. the s&p data back did it back in january. of co
handle it, chris christie is much more adept at handling the problem than anybody in washington. >> so the jury is still out. and i'm saying this, this is a point i want to raiseith you, adam lashinsky, the knee jerk response, fema is doing a great job, how do you know? how do you know? i just find it offensive when officials who are supposed to be providing help so sure early on that they are. and that is, as these others were pointing out, you could go do aerial shots over staten island at some points looks like mogadishu. and the fact of the matter is, quite rightly we're all over administration officials when it looked like the response to katrina was delayed. and i don't believe we applied the same litmus test this time around, but it is what it . they have a test the responsiveness of agencies and not reward them with more money, before we know how successful. at this point i would say not suck'sful at all. >> hold on, i almost completely agree with you, neil. where i will give the elected officials the benefit of the doubt, they want to try to be hopeful, right? they want to try
are feeling pretty good and the word out of washington today, is a lot of trying to work together. >> well, gary b, actually, i mn, do you know what it means if we fall off the fiscal cliff for you? i don't know, does anybody know? and is that uncertainty that gary k was talking about really the key here? >> i'll go beyond the uncertainty that gary k said. i think it's doom and gloom. brenda, if you walked outside the studio and grabbed ten people off the street, all ten of them, if you ask what does the fiscal cliff really mean? they go, i don't know, but it sounds bad. this fiscal cliff sounds bad, it doesn't sound like a good thing and brenda, when you he this day after day after day, i think it starts to weigh on consumers out there. it sounds gloomy, it sounds terble, and when people feel terrible, this is more perception in psychology than anything else, they don't spend as much. i wish i could be as opmistic as susan, when i talk to the the average person out there and including myself, everyone is feeling blah. >> brenda: you're not average, gary. tobin you're shaking your heads. >
% and if you flip over to the pro shares, that one is down 1-3%. dave: despite all the confusion in washington, it is pushing up to new york in terms of what is happening to the vix has been down. we talked about that. a bird down meaning volatility was down. today going in the other direction. perhaps seeing a bump because of confusion and growing distance between republicans and democrats on any kind of resolution on the fiscal cliff but for whatever reason little more volatility in the market today. liz: he has been named one of the most influential people of the entire 20th century and going over the fiscal cliff will derail the biggest economic driver in the u.s. and that is biotech. mike milken talking about life-saving drugs, jobs that come with them and our status as the leader of the industry, all at stake if we go over the fiscal cliff. and dr. francis collins with the national institutes of health. fiscal cliff. folks including today to liz hy malcolmed the month of november and the red and nasdaq and s&p close slightly higher, consumer discretionary and industrials were this month'
new plan is in response to the recent votes in colorado and washington. i find that hard to believe think they using taxpayer dollars to pay for the program is okay. you're in college, if you want to study pot smoking, walk around student housing. that's my two cents more. that's all for tonight's "willis report," thanks for joining us, have a great night. ♪ lou: we're now 34 days from slipping over the so-called fiscal cliff, and i have no sign of progress to report to you on the talks between president obama and the republican leaders trying to reach a deal to avoid the crisis. the number two man, durbin of illinois tad saying nothing should be left off the table in search of budget cuts, and new sources of revenue, the assistant majority leader allowing the changes in the president's signature legislative achievement should be on the table. that's right, obamacare. >> put everything on the table. repeat, put everything on the tail, not just taxes and revenue, but spending cuts and entitlement reform. the only perfect law i know was carried down a mountain by senator moses. lou:
have said. washington is running way too much money. there may be differences in want of other issues, t on this one, most americans agree that there's too much waste and fraud and abuse and let's eliminate that. cheryl: where do they fit nto this scenario? fatcat ceos, those from honeywell, allstate, do you think that that is going to be a sitive conversation? will congressional leaders listen? >> i would think that they have been listening to the ceos all along. and even lookng at wall street and main street and they all say the same thing. we want certainty out of washington. we haven't gotten it from is administration, whether it is dodd-frank and all the mess that the excessive spending. so i think that wall street and main street will say the same thing. stoppending soso much, put your fiscal hou in order. >> let me ask you about warren buffett. warren buffett saying that there's no tax pledge doesn't work. today, and i would like to play this to you over and over, he responded. take a listen to this. >> i agree with part of it. warren buffett really believe what he said, he cou
republicans too often come to washington saying, it is assess 3508, but after a -- cesspool and after a couple of years they say it a hot tub. but it is not going to work we've seen with budget summit after budget summit, whatever you give more revenue to government, they wind up increasing spending not on mention there are usually -- and they never get as much revenue as they think they will get, so we will dig ourselves deeper into a hole if we wind up letting government get bigger by feeds the beast with more taxes. neil: thank you all very much this is an alarming development post-turkey days, some republicans maybe acting like turkeys. this is cyber monday, a lot of you, if you were working buying stuff, you were not alone, 1.5 billion in cyber related sales if there is a scare on part of justaf ran average joe d grow an and this fiscal cliff, have a funny way of showing it today. neil: all right, tell the truth, a lot of you were shopping at work today, cyber monday. but no deal in washington on this fiscal cliff. if you were there, how would you get a deal done, you can tweet us, we'll
-democracy? those rebels, this is not george washington at valley forge. these are not necessarily people who want to establish a democracy and rights of all individuals. dagen: kc mcfarland. connell: $5 billion in education cuts, if there is no debt deal with another part of this we will take up with union leader randy wine garden in a few minutes. dagen: john boehner meeting with the treasury secretary right now about trying to broker some deal. we will hear from john maynard this hour and you can catch it here. look at the oil market again, tensions rising in the least and the price of oil rising as well, $80 a barrel. you know how painf heartburn can be. for fast, long lasting relief, use doctor recommended gaviscon®. only gaviscon® forms a protective barrier that helps block stomach acid from splashing up- relieving the pain quickly. try fast, long lasting gaviscon®. dagen: you want to make money? that guy is not connell mcshane. [talking over each other] connell: rather make money while we sleep which putting somebody to sleep -- charles: i like temperature edict. the housing come back, e
? we are talking about washington. >> i don't think anybody will blink yet in washington. another month left will stretch us out as long as possible. when we come here is a day-by-day market. one day everyone is buying into amanda knox data could be a headline out of washington where everyone is trying to get out real quick. too many uncertainties heading into the year or the first quarter next year so investors will look at this as a day-by-day trade but we can't forget the other factors out there. the fiscal cliff, we will get our normal calendar of economic data and still get headlines out of europe. still lot of things will move the market. i traditionally think we see a run up toward the end of the year. cheryl: a lot of traders bring their families on the floor of the stock exchange, thanks. let's go to the nymex where we have anthony with us. i want to talk about commodities. in particular goal. it has been such a safety play for so long. it was of four months or so but we're getting a little more interest in gold. is that europe or the fiscal cliff? >> a combination of both with
around. now that'sprressive. call or click today. [ grunting ] ♪ tom: a whole new world in washington with all this talk of compromise. talk republicans could caved on tax hikes. high-ranking leaders expressing flexibility when it comes to taxes. some newly elected house republicans, guess what, refusing says signing grover norquist note tax pledge. michael reagan on help breaking that pledge. are they going to cave? >> well, i hope they don't. this is not about republicans trying to figure out, if we cave, the electorate will love us. no, they won't. if the cave, the democrats will laugh all the way to the bank. the election coming upon a couple of years. you might remember, my father made this deal with the democrats back in 1980. $3 in spending cuts for every dollar in new taxes. guess what? taxes and a place. my father has been dead since 2004. he is still waiting for the tax cuts to comment. they will never come in unless you get them first, not last the. tom: history repeats itself. and i suspect -- >> all the time. the democrats selling the three for one package for ever. you n
. the louis gomer, and to leading doctors here to psychoanalyzed it all. in washington that is a lot. our first guest has a deep understanding of the way the intelligence community works. joining us now, former cia operative, the highly decorated operative who served 23 years in a clandestine service. he worked as chief of station in the middle east and latin america -- let america. the first question has to be, the former cia director saying that he does not know what happened after the cia send over their memorandum. that isn't the one he delivered, and the changes had to be made subsequently. the cia director, by the way, you anticipated when you were on this broadcast a few years ago saying that it had to have originatedin -- the changes, the flow from the white house to the united nations ambassador had to occur either in the state department of the white house itself. >> i stand by that. and the fact is that no one writes those sorts of things that a cia officer would right to my director would write other them at the white house or at stake. remember something. the u.n. ambassador,
pledges and instead are now claiming the grover norquist is the real problem in washington d.c. fox digital politics center is here with us tonight as is the daily caller stalker carlson. egyptian leader declaring new powers for himself, claiming he won't be just another dictator. just a week ago praised by the obama administration for brokering a ceasefire in gaza, and now the white house is silent on the more -- coupe. middle east expert professor hoover institute senior fellow "wall street journal" as columnist among our guests here tonight. we begin with the president's broad based strategy to conduct our right class warfare against the republican party on the issue of taxes and the fiscal cliff. the white house today released a report from the council of economic advisers. that report claims that if republican lawmakers don't accept the president's fiscal proposals they would be responsible for destroying christmas for the nation's retail sector. the national retail federation is forecasting that holiday sales will grow. if congress does not act on the president's plan to exten
. maybe that is a positive. there will be a whole lot of the same if washington continues to come back with nothing. liz: volume has been below. lincoln. maybe i misspoke, actually. you see how the dow continued to do -- the grade. >> certainly washington has been the focus this week. what i think you are alluding to is absolutely right. if you look at what has been happening at the consumer discretionary, there it is. you are seeing companies punished and punished pretty severely. you will continue to see that as we work through the third quarter numbers. even though we saw significant upticks, that is really getting expressed in the markets here. seeing them trade sideways off of that bounce. also the 1350 level on the s&p. liz: the energy market isn't exactly trading sideways. you have crude oil above $88 a barrel. >> they bought crew today. i think natural is oversold. short term, short-term, i have been bearish on natural gas for quite a few months. i think this is the low we will see for another week. >> oil at a $90 level. people may have been sort of like you. is that trade ove
about the bridge tollburrcrat necessary washington dc wreaking our energy supply. i believe in the natural gas revolution . it is 10 percent of our energy supply here in the united states and creating two million jobs and germany is afraid of how powerful our natural gas energy is. i hope that reduces the discomfort. >> victoria. is natural gas green enoug for the president. it is a fossil fuel . >> not as clean as bird cleaning windows. the president doesn't want high gras -- gas prices. i am not worried about spiking gas prices. what will increase gas prices is turmoil in the middle east and demand from t u.s. consumer . we are not in recovery mde. and so we are certainly not going to see large spikes in gas prices. >> rick, we have to remember it was the president's energy czar said maybe higher gas prices would b good for the world. >> yeah, never going to let him forget that. have i er told you how smart emac is when her head is screwed on crosscourtly. she had it right. there is it a report out this week that shows initial gas will triple over the next couple of years.
in washington d.c.. that is true but don't compromise on a bad solution, on something you know is going to make things worse. on some of these issues they should dig in their heels but it is good for the country or good for the economy, find a way to compromise. stuart: always a pleasure. sorry to cut it short but i did -- i have so much on my plate this morning but come back and see us again soon. 9:49 or morning gold report. where are we the day after with the price of gold? we are a $17.21, up $6 today and back above 1700 firmly. and perhaps the biggest upset of the night, elizabeth warren wins the senate race in massachusetts. maybe the country's ideology really has changed. sandra smith, charles payne coming up next. how can voters of a free market decide to elect a candidate who said this while running for office. listen to this again. >> there is no body in this country who got rich on his own. nobody. stuart: elizabeth warren beating scott brown in massachusetts. sheaths -- use the one who said this. >> nobody in this country got rich on his own. nobody. you build a factory out there --
these devotees dennis. had back. lori: i am lori rothman. melissa: i am melissa frances. will washington play ball or just bore all? president obama kicking up a busy week of meetings for the fiscal collected a. union leaders tomorrow ceos leading up to the meeting with congressional leaders on friday. so many meetings. lori: of the talks fail could we go over the fiscal click? our guest thinks so. they will feel that the most. melissa: a major reshuffle of who is in our out. lou dobbs joins us ahead. lori: are markets reacting that of the fiscal cliff? we head to the floor of the stock exchange with nicole petallides with modest gains. nicole: a green arrow, for all those folks who have seen the market selling off with an exception. we were down over 2%. we lost some of the earlier gains and was up 1/2%. and we look at some names on the move with microsoft, stepping down, the leader over 23 years, and people are wondering why and weigh in on the nasdaq, dell little better. home depot numbered with good numbers. cisco back and forth with its earnings estimate. melissa: the energy sector mostl
and direction of. and with colorado and washington is a huge geo on a drug prohibition that is how it will end in this country like alcohol prohibition. john: alcohol prohibition was repealed by individual states before the federal government? >> one dozen states by the end of the period. john: new york was three years. 104 -- 10 years and forstmann was up to the fed. >> states lived in open defiance than the federal government cannot enforce it the fast majority is that the state level there are not enough agents to go to every colorado pot smoker. >> gapped the same time goodie a was warning people listen, a federal laws are still enforced. but the shift to marriage equality maine, maryland. john: stay on marijuana. >> i am happy to stay on marijuana. [laughter] john: that does not mean they're not in trouble and the obama administration had more dispensaries. >> actually the clinton administrations started to raid merit -- medical marijuana dispensaries that became the goal. john: even after saying we would not. >> exactly. it is of major issue not about drug legalization but can the states
in washington are possible fiscal cliff deal, confident such a deal would be reached to spur optimism in the market today combined with good news on housing produced a big wall street rally. crude oil hitting a one-month high at the escalation of the middle east, futures jump in almost 3%. the national association of realtors today reporting existing home sales rose more than 2% in october beating forecasts. faster pace of sales and an increase in monthly builder sentiment all contributing to the good news today in the housing market. and wall street acting like the uncertainty of the first goal go cliff has all but disappeared. and trust in both parties has been comic scene, relentlessl my restored. the stock prices up for the best time in two months. the s&p picking up 27, the nasdaq moving out of corruption territory gaining 63 points today, 3.3 billion shares traded on the new york exchange just under the daily average for the year. the total market average moving higher as well closing 2% today representing a gain of approximately $325 million. a worsening conflict in the middle
, this is the washington game. when you have a scandal brewing in washington, get out of town. lou: what do you think of the president deciding to use the language of the former military government of burma in referring to burma as miramar. what do you make of that, if anything? >> well, i really don't know what to make of it. but i will say that certainly while he is out there, i would hope he would take the opportunity to condemn china for its bullying and aggressive tactics and the iron imperialism in the south and east china sea. and while he's there, he should make it very clear that should their tactics involved in hostilities between our allies, japan, and the philippines, they are a mutual defense treaty that will be brought into play. anything less than a will not deter china from progressive tactics. a shop needs to be fired across the land. lou: referring to israel and the engagement of hamas, which looks like, right now, despite the involvement of the united nations secretary general and others, trying to mediate, it looks like this could turn into a ground operation which the israelis ha
Search Results 0 to 49 of about 332 (some duplicates have been removed)